How Nigeria’s Oil Industry Went Local: The Unintended Benefits of Graft

How Nigeria’s Oil Industry Went Local The Unintended Benefits of Graft By Matt Mossman The biggest real-estate foreclosure in Manhattan’s history began with a Nigerian jet-fuel binge. Kola Aluko, now in hiding from the authorities of multiple countries, allegedly spent so much money on jet fuel that he could no longer pay the mortgage on his Midtown penthouse,…

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Mining Companies Already Feeling the Pinch of New Congolese Mining Code 

Mining Companies Already Feeling the Pinch of New Congolese Mining Code Beyond raising costs for domestic miners, a new mining code signed into law by Congolese President Joseph Kabila last week, poses downside risks to the investment outlook of the country’s mining industry over the coming years, as a result of heightened government intervention and regulatory uncertainty, research firm BMI said on…

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Violent Protests, Again, in Guinea Disrupt Some Bauxite Shipments

Violent Protests, Again, in Guinea Disrupt Some Bauxite Shipments Opposition supporters in Guinea protested and erected barricades in the mining towns of Boke and Kamsar on Tuesday, disrupting some shipments of the aluminium ore bauxite, industry officials said. The unrest sparked by a row over local elections held in February spread from Conakry, paralyzing much of the capital since protests erupted on Monday. In Boke, police responded…

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Zimbabwe to Mines, Farmers: ‘Clear Electricity Bill Arrears in 6 Months or Risk Cut Off and Litigation’

Zimbabwe to Mines, Farmers: ‘Clear Electricity Bill Arrears in 6 Months or Risk Cut Off and Litigation’ Zimbabwe‘s state-owned electricity distributor has given businesses, including mines and large-scale farms, six months to clear their bills or risk being cut off and face litigation, the company said on Monday. The Zimbabwe Electricity Transmission and Distribution Company (ZETDS) is owed more than $1-billion…

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Women in Ghana Own 46 Percent of Businesses – Mastercard Index of Women Entrepreneurs

Women in Ghana own 46 percent of businesses – Mastercard Index of Women Entrepreneurs Following the release of the Mastercard Index of Women’s Entrepreneurship (MIWE), it has been revealed that 46.4 percent of businesses in Ghana are owned by women, making it one of the top performing African countries highlighted in the index. The MIWE…

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Ghana’s Biggest Mine Union Threatens Strikes Over Gold Fields Plc Jobs Cuts

  Ghana’s Biggest Mine Union Threatens Strikes Over Gold Fields Plc Jobs Cuts  Ghana’s largest mineworkers’ union plans protests and strikes throughout operations in the country if the government allows Gold Fields Ltd.’s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine in the West African nation. Gold Fields…

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